Imports to Nigeria fell 7.3 percent year-on-year to NGN 1834 billion in March of 2022, mainly due to lower purchases of energy products (-97.5 percent). Among major import partners, purchases decreased mostly from Asia (-16.2 percent), namely India (-22.1 percent) and Europe (-10.9 percent), of which Spain (-73 percent), the Netherlands (-57 percent) and Italy (-44 percent). source: National Bureau of Statistics, Nigeria
Imports in Nigeria averaged 306996.33 NGN Millions from 1981 until 2021, reaching an all time high of 2518686.57 NGN Millions in October of 2019 and a record low of 167.88 NGN Millions in May of 1984. This page provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Imports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Imports in Nigeria is expected to be 2000000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Imports is projected to trend around 1850000.00 NGN Millions in 2023 and 1930000.00 NGN Millions in 2024, according to our econometric models.